FEG Token
Ask or search…
⌃K
Comment on page
🗳

FTW - From The Wallet

Document last updated: March 21st, 2023.

Direct Wallet-to-Wallet Trading on FTW: A Limit-Order Trading Platform

FTW (From The Wallet) is a decentralized Limit-Order trading platform that facilitates peer-to-peer (P2P) trading directly from users' wallets. It enables secure trading without relinquishing control of users' cryptocurrencies or NFTs during the transaction process.
Benefits of listing a project on FTW:
  1. 1.
    No negative price impact: FTW trades do not impact the asset's price negatively as it operates on a P2P basis, bypassing the liquidity of decentralized and centralized exchanges.
  2. 2.
    Cost-effectiveness: FTW offers lower fees than traditional trades because they are blockchain transfers rather than buy or sell orders through multiple routes.
Supported networks and tradable assets:
  • Initially, FTW supports assets on Ethereum (ERC-20) and Binance Smart Chain (BEP-20).
  • The platform's expansion will encompass multiple blockchains that operate on the Ethereum Virtual Machine (EVM).
  • Users can trade listed cryptocurrencies and, in the future, non-fungible tokens (NFTs) once the NFT trading function is developed, tested, and audited.
Security:
  • The contracts underpinning the FTW Limit-Order trading platform undergo comprehensive testing and third-party audits before launch to ensure robust security measures.
Fee distribution:
  • Membership fees contribute to rewards for Stakers, marketing initiatives, and project growth/sustainability.
  • Specific percentages for fee distribution are yet to be determined during the platform's development.
Membership vs. Per Transaction Fees:
  • Users can opt for memberships that renew every 30 days, allowing them to create FTW trades (buy or sell) free of charge during the paid month.
  • Non-members must pay a fixed fee for all buys and sells. The exact fee amount is to be determined.
RFI tokens and token taxes on FTW:
  • If a token incorporates RFI (Reflect.Finance) tokenomics, the passive percentage will be automatically distributed to users.
  • Standard token taxes for buying and selling cannot be applied on FTW as no contract intermediary designates a recipient wallet address.
​
Last modified 4mo ago